iShares China CNY Bond UCITS ETF EUR Hedged (Acc)

The iShares China CNY Bond UCITS ETF EUR Hedged (Acc) is a fixed income exchange-traded fund that tracks the Bloomberg China Treasury + Policy Bank (EUR Hedged) index. It provides exposure to a portfolio of Chinese government treasury bonds issued by the Ministry of Finance of the People's Republic of China and debt securities from key policy banks, including China Development Bank, Agricultural Development Bank of China, and China Exim Bank. All holdings are denominated in Chinese Yuan (CNY), with top positions featuring bonds like China 2.68% due 21 May 2030 (7.8%) and China 2.67% due 25 May 2033 (7.37%). The ETF employs full physical replication and accumulates income rather than distributing dividends. Launched on 24 February 2021 and domiciled in Ireland, it maintains a total expense ratio of 0.40% and hedges currency risk to the Euro, mitigating CNY-EUR fluctuations for European investors. This structure offers a targeted avenue into China's onshore bond market, emphasizing investment-grade sovereign and policy bank debt across various maturities, from short-term notes to long-dated bonds extending beyond 2050.